MegaFans, a Road Town, Virgin Islands (British)-based mobile esports marketing company, raised $500K in Pre-Seed and Seed funding.
The round was led by Alphabit with participation from Launchpool Labs.
The company intends to use the funds to accelerate growth and expand operations.
MegaFans provides a mobile esports marketing platform with a community using blockchain, cryptocurrency and NFTs in a play-to-earn, gamfi environment for gamers and collectors, where 2.8 billion daily active users play, compete and win prizes. The pools scale up as community participation grows and players win virtual tokens that can be exchanged for other cryptocurrencies, NFTs, gift cards or cash. The company licenses a white label solution for mobile game publishers and developers, that increases monetization and retention by enriching the players’ experience.
MegaFans Ltd joined the Launchpool Labs incubator program in September and is receiving strategic and technical support to help grow their global gaming community. Launchpool Labs’ incubator is a 90-day intensive development program focused on building communities and value around startups in the blockchain sector.